NewsBot
12-May-23, 10:20
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Bank Approaches End Of Largest Tightening Cycle In 30 Years - But Higher-than-expected Inflation Will Prolong Living-standards Pain
The Bank of England is approaching the end of the largest tightening cycle since Norman Lamont was hiking rates to keep Britain in the ERM, but it says further rate rises may be needed if high inflation is proves to be stickier than expected, the Resolution Foundation said in response to the Bank's latest Monetary Policy Report (MPR). The Monetary Policy Committee (MPC) increased the base rate for the 12th successive time to 4.5 per cent - and suggested that a further rise may be needed, as inflation proving harder to bring down than previously forecast. [Read Full Article (https://caithness-business.co.uk/article/20148)]
Bank Approaches End Of Largest Tightening Cycle In 30 Years - But Higher-than-expected Inflation Will Prolong Living-standards Pain
The Bank of England is approaching the end of the largest tightening cycle since Norman Lamont was hiking rates to keep Britain in the ERM, but it says further rate rises may be needed if high inflation is proves to be stickier than expected, the Resolution Foundation said in response to the Bank's latest Monetary Policy Report (MPR). The Monetary Policy Committee (MPC) increased the base rate for the 12th successive time to 4.5 per cent - and suggested that a further rise may be needed, as inflation proving harder to bring down than previously forecast. [Read Full Article (https://caithness-business.co.uk/article/20148)]